...three Princeton economists found that only 11% of the long-term unemployed in any given month found full-time work a year later.

...

The economists tested the hypothesis of whether a low supply of jobs or discrimination by employers contributed to long-term unemployment.

The answer? Probably both.

...

"The demand-side and supply-side effects of long-term unemployment can be viewed as complementary and reinforcing of each other as opposed to competing explanations,"

...

The paper found that those who have been out of work for months come from all industries, but are primarily concentrated in sales, service and blue-collar jobs. The share of the long-term unemployed from sales and service jobs was 36%, and from blue-collar jobs 28%.

Even in states with booming economies, such as North Dakota, the long-term unemployed find landing a full-time job elusive.

...

The economists found that in 2012:

More than 30% of those out of work for extended periods are 50 or older, compared with 20% of the short-term unemployed.

55% of the long-term unemployed are men.

44% of the long-term unemployed have never been married and nearly 20% are either widowed, separated or divorced.

Blacks represent 22% of the long-term unemployed, a rate higher than their share of the population.

More than half of the long-term unemployed are white.

The paper concludes that "a concerted effort will be needed to raise the employment prospects of the long-term unemployed." Otherwise, these job seekers will continue to drop out of the workforce and hold the economy back, the economists said.

This is a major problem since, as we noted previously, echoing Irving Fisher, it appears we have reached a permanently high plateau in the duration of unemployment in America...

h/t @Not_Jim_Cramer

So, 1 in 9 of the long-term unemployed (over 27 weeks) find a job again... and the mean duration of unemployment is 37 weeks! Hope and Change that!

There is some precedent for the proposition that conventional "employment" was never intended for educated persons over 35 years of age. One of the biggest lies being told to the multitudes is that a "job" is the source of life itself. Actually, it was supposed to be ownership that generated most income for mature adults, ownership of businesses, real estate, equities and notes. One would work at a business in which one had at least a partial ownership interest.

"back when unemployment compensation only lasted 26 weeks, peolpe were back in the workforce faster

hmmm...."

Back then, the economy hadn't fallen into a depression, yet.

How long was the line in NYC, to apply for some new construction jobs? Far more applicants than there were jobs available. How many applicants show up for a job at a new Walmart? Far more applicants than there are jobs available.

Were those the same Princeton economists who said America should offshore all their jobs?

Are they by any chance related to any of the slime at McKinsey & Co. (Chelsea Clinton's no longer there, I noticed) or McKinsey Global, who made their big bucks by advising on the offshoring of jobs from America, Europe and Japan to elsewhere?

Today, witch doctors abound, but instead of being called shamans, they are called economists! (Exceptions: Michael Hudson and Michael Perelman)

This evening driving home from work, heard 3 radio adds in this order -

1) Service targeting people about to be foreclosed on. Encouraged them to call and they could hold onto their house. Implicit message - you deserve to stay there no matter what.

2) Local car dealer advertising to people with no job, bad credit, etc. and how they can get the car they want. They actually mentioned BMW and Lexus in this same add. Unbelievable.

3) Another service targeting people with student loan issues. In some cases, they would also consolidate other unsecured debt and lower your payments. This add made it sound like repayment was optional.

As long as employers have this stupid idea that the unemployed have "something wrong with them," this will always be a problem. The concept that we're in the worst economic mess in 80 years is irrelevant. When I was unemployed and looking for work, usually the first question was, "What are you doing now?" When I said I was unemployed, I was dropped.

Good point. Employers have not adjusted to reality. There is an expectation that people should have a steady, stable record of advancement, in their field. Even the best of the twenty and thirty somethings can't show that, because the world has changed.

The world is an employer's oyster right now there is no doubt, and they act like it too.

An old friend of mine just moved back into town to live with her mother. Her husband lost a high paying job 6 months ago wrecking their finances. The guy has never not worked his entire life.

She is responsible for hiring people with her employer. Her company recently had a position open. She received over 60 resumes and narrowed her interviewing down to 4 folks all of whom had college degrees.

The winning candidate had 2 college degrees. The salary for this job is a whopping $8.00 per hour with no benefits.

The cruel things that people say to and about those who are unemployed in this job market just proves the level of narcissism prevalent in our culture.

"As long as employers have this stupid idea that the unemployed have "something wrong with them," this will always be a problem."

Indeed, almost as if they were being programmed:

"Forty-six percent of Americans have jobs, and that number falls by the day, but the Chief Liar (and her parrots in the media) calls this “cumulative progress toward maximum employment”? However the 40 million – 60 million unemployed Americans who need work can’t be hidden, so they must be demonized, instead.

Divide-and-conquer is perhaps the single, most-important propaganda objective of the Corporate media. Get the Sheeple to squabble and finger-point at each other, and they will continue to not pay attention while the Oligarchs (i.e. the One Bank) rape/pillage/oppress us – and complete their destruction of our economies and societies.

Among these divide-and-conquer tactics, perhaps none is more odious than “blame the victim”. First the Oligarchs create their (economic) victims, then to hide their own culpability, they blame the victims themselves for their fate. And among numerous examples of this blame-the-victim hypocrisy, none is as damaging (and thus despicable) as the demonization of the 100+ million permanently unemployed Victims of the One Bank’s demolition of our economies.

Reuters, one of the tentacles of this media oligopoly, provides us with a particularly despicable/sickening example of these “blame the victim” tactics:

…Alan Krueger, a respected labor market economist who led President Barack Obama’s Council of Economic Advisors, said those unemployed long term tended to put less effort into their job hunts than others and were often viewed by employers as undesirable.

There you have it. According to a “respected economist”, the 40 – 60 million permanently unemployed Americans are lazy and “undesirable”. Why didn’t he label them “smelly” as well? Or, simply save his despicable adjectives and label them with a noun – lepers – since that is clearly the intent of the Corporate media, and its Liars: to ostracize the victims of the destruction of the U.S. economy.

Apparently you don't see as many of the long term unemployed as I do. There is something wrong with most of them that makes employers not want to hire them. It is mostly not the fault of the long term unemployed, but an employer needs the best people he can find for the price. He has plenty to choose from. Why choose from a pool of people who are mostly composed of problem people? (Age, health status, motivational issues, etc )

I'll tell you what dipshit Popper, you'll want to stop using what those long-term unemployed created, like my part in creating the hyperlink and several Internet protocols which allow you to sign on and access the backbone.

Also, since Nikola Tesla, one of the greatest technical minds who ever lived, worked day labor for 4 years until he met Westinghouse who invested in his research, and therefore would be considered long-term unemployed today, you'll want to go completely off the power grid, dood!

(But a very, very few, like the several former Bloomberg reporters mentioned above, like that young lady reporter whom CNN fired when she attempted to write the truth about Bahrain, and Chris Hedges leaving the NY Times because they wouldn't allow him to write the truth about Bush's Iraq Invasion, are REAL Americans --- just like Mr. Manning and Mr. Snowden, and Mr. Kiriakou!)

Well part of that is that if they "can't find" anyone qualified they get to tap into the visa programs for an assortment of low cost, and obedient, foreign workers who don't dare to make any kinds of demands. Plus anyone from far away always looks better, as per the classic definition of an "expert", that being "anyone from out of town."

The selectivity against the unemployed is causing a pervasive system of applicant lying. Employers would be better served by encouraging honesty. In my opinion, most employers instead seem to prefer to be lied to, especially when they can shift liability to a contractor who screens the applicants. It's a bad joke, and an increasingly sick field of employers.

I don't know about the short or intermediate term, but in the long term they rightfully take up arms.

But when a long train of abuses and usurpations, pursuing invariably the same Object, evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

-- Declaration of Independence, 1776

The Four RsRejection: Quit paying, quit obeying , quit playingRevolution: It is inevitable, so prepare, as they are.Retribution: Is there really any place for these sociopaths and criminals in a restored civil and Constitutional society?!Restoration: Restore the Constitutional republic.

Let me fix this for you "This is bullish for the black market in transplantable organs that other people have. "

And the other bits are "Soylet Green"

Cash on the hoof I am sure Goldman can put a positive spin on the idea and we can list on the exchange. While they are breeding you can put them to work as well. Slave labour .... wait Banks are doing that bit by proxy already.

Things won't be fixed until the H-1B visa is abolished, the current H-1B and Green Card holders deported, and America's best and brightest talent allowed to get back to work throughout the economy. There are millions of unemployed STEM workers who can easily take every position held by the foreigner scabs.

As an aside, the deported H-1B's may very well start cleaning India up. 600 million people still practicing open defecation in that country.

Not a chance of this happening unless there is open civil disobedience in the general population. Corporate, PAC, and Foundations money are large and prolific in keeping Congress focused on the Globalist agenda and not the needs of the American worker.

It doesn't matter what you do to raise the employment prospects of this residual group that is on long term unemployment or falling off of it. About 80 percent are trying to get a disability check. If they actually work now they would lose their chance to get a government check.

I see them all the time coming into the public mental health clinics. They come in to get additional diagnosis such as depression to add to their list of ailments at their attorneys behest.

Two weeks after a long term unemployed comes in to see me I get a records request from a disability attorney. Every time like clockwork.

I interface with some disabled people who are legitimately very disabled (loss use of limbs, in wheelchairs), and even they are keenly aware of the social security earnings limits on the amounts they may earn before it impacts their free government check, even on rinky dink little public service "jobs" for them, they say "I don't want to earn too much and lose my social security". I used to be stunned that absolutely everyone in that cohort knows how the freebies work, but now I know it's common knowledge, so I'm not stunned when I hear it anymore.

Short of litigative or legislative force in support of the long-termers, nothing good at this time. For the larger part, voluntary means of acceptance by employers is DNE.

It's not like employers are wanting to help solve that problem anytime soon. Some of them would rather see it go further due to their position as employers.

To preempt the whole "open your own business", Ricardo's comparative advantage theory would suggest that it is not a universal solution. Not everyone is suited to be a business owner and would do better by providing value to a good employer.

Yes but also it should be considered that we keep all sorts of retards alive and subsidize their multiplication through welfare resulting in the stupid and irrisponsible out breeding the smart by a wide margin. Not that there is a linear and direct relatinship with geneology and offspring however there is a strong correlation between good genes and good upbringing to good offspring and vice versa. See: Europe and USA pre Zionism vs post.

It is reverse darwinism.

One thing is for sure, when the party ends the fireworks will be glorious.

Unemployed have only themselves to blame. They just didn't have the smarts like our noble banking fraternity to borrow those Fed loans at 0% interest and reloan at 5%. LOOSERS and TAKERS is all they are.

What I have found very scary, just in the past few months, has been the change in the demeanor of young people who have crappy jobs. In the past they were reasonably cheery - this is California after all, not New Jersey. People working at Trader Joe's, or the burrito place. At first I thought it was me, maybe I was acting differently, exuding rudeness somehow despite my best attempts??? But really my behavior hasn't changed; I have always been ultra polite and self-effacing in that context (out of guilt re my own relative economic security). What I detect is a sort of desperate anger. You ask a question, and you still get a polite response, but there is a terrible anger there that was never there before.

I'm not quite as dainty as you sound, nor as economically settled in, however I have also noticed this. At a Starbucks in town there was a fat younger guy with the worst attitude working there. He moved like he was in a luxurious office job (or maybe a school, I don't know, like getting college loans for the last 6 years and taking his time in everything.), and there was a white haired older guy too, who looked bitter.

The younger guy especially, my friend was buying coffee but the younger punk intentionally wouldn't look at us (very noticeable in the small Starbucks counter space), then after we placed the order with someone else he stared intently at us one, two, three times till I looked over at him like "wtf?", then he crapped off to do something else with his shit attitude.

I thought "Well good luck with that shit attitude you punk, no one feels sorry for you." It's too bad, growing up in the 80s resources were resources and that was that, but now a scant 25 years later these punks have a forest of emotional issues unrelated to the allocation of scarce resources which have alternative uses. Sucks to be them! A big dose of humility is what they need, almost as much as gainful employment.

We have not had completion for labor in this country since about 1985. Open borders low end endless labor, H1B increased quotas, millions of jobs outsources overseas have decimated the American Worker.

One can not see it or see it only from the confines of one's own department or company. The only people who have an actual clue of what is going on in American Industry, are those that "acquire people/talent" for companies. They are not talking. If they did, you would be much surprised at what goes on.

All companies have a "fit profile" for their company as well as a "job profile" for every job. If you do not fit those profiles, you will be excluded from consideration. Age, length of unemployment, "company culture fit," race, gender can all be disqualifiers.

Finding employment for Long Term unemployed is a long disheartening process. Companies most definitively do not hire long term unemployed, unless they are desperate for people. Long term unemployed are not a "protected class" and are not protected under Affirmative Action Laws. There is nothing that long term unemployed can do, other than search continually for a job and face the "daily rejection" of the market place. There is no longer any latitude when companies fill jobs. You are either a direct "fit" for a job, including a very subjective "culture fit" or they will move on to someone else. Most will even claim that there is a shortage of labor available to hire, with the "right skills," even as millions are unemployed.

The jobless have no leverage, except in the "hard skills areas." Government doe not understand the problem, pleading at the doorstep of companies to change their practices, while at the same time allowing open borders immigration policies and outsourcing to kill more American jobs. Both political parties are complicit in these job killing actions. THE AMERICAN WORKER IS ON THEIR OWN.

Unlike Germany and other European countries, the US and our current society, does not have nor does it want a unified policy that places worker protections in a equal position with Corporate Protections. (No - I am not advocating socialism or communism.)

Corporations have deep pockets and have captured the "labor dialog and policies," with politicians, academics, economists, "think tank - thought leaders and the Main Stream Media.

Amazing we still have the fucking idiots that blame it on unemployment extensions.

The reason there were extensions is because the gov't knows things are fucked up.

The reason politicians fight the extensions is to make their voters happy that believe the lie extensions are the cause. Well that and they are stupid themselves, selfish and greedy and just don't care. They have theirs why can't you get yours?

The ones in the crossfire are the unemployed.

I'm not saying paying them forever is right. But neither is sending 1 billion to Ukraine and billions a month to the bankers that are still fucking broke.

In 2010, the pct of work force that is in science and engineering and which is foreign born is 21%. You obviously have not spent any time in R&D departments lately, or you are one of the 21%, or you hire the 21% and benefit from the lower salaries paid them.